A major barrier for cities in effectively addressing climate shocks is the low capacity and fiscal autonomy to allocate budgets towards resilience. Acknowledging that many climate solutions are within the reach of subnational authorities, SnCF aims to overcome barriers to mobilizing private capital at the subnational level, to encourage investments in climate resilient infrastructure. A Technical Assistance Facility is paired with a private equity fund, for project preparation, provide capacity building for local governments, and certify all investment projects for their climate and SDG impact. These projects would be aligned with countries\u2019 NDCs, articulate climate adaptation co-benefits, and incorporate Nature-based Solutions to enhance their climate resilience and long-term sustainability. The proof of concepts of investment projects will be made available to promote replicability and scalability, and granular methodologies and tools will be developed to continuously monitor and track adaptation co-benefits. The fund targets USD 750 million, of which USD 600 million will be commercial equity.<\/p>\n","protected":false},"excerpt":{"rendered":"
A major barrier for cities in effectively addressing climate shocks is the low capacity and fiscal autonomy to allocate budgets towards resilience. Acknowledging that many climate solutions are within the reach of subnational authorities, SnCF aims to overcome barriers to mobilizing private capital at the subnational level, to encourage investments in climate resilient infrastructure. A […]<\/p>\n","protected":false},"author":230,"featured_media":0,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-42652","case_studies","type-case_studies","status-publish","format-standard","hentry"],"acf":[],"yoast_head":"\n